ArcelorMittal is trading 4.16% lower at $60.83 after a sharp pre-market decline amid risk-off trading.
- U.S. futures and major indexes are lower; Strait of Hormuz tanker-damage reports lifted oil prices and weighed on global markets.
- A report says ArcelorMittal reached an initial agreement to sell its South African unit to state-owned IDC for about $610 million, pending shareholder vote; available coverage does not establish the deal caused the drop.
- No trading-volume data was provided.